bullish

Bitcoin

<p><a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin's price</a> movements are attracting significant attention and it has recently experienced a short squeeze, with price fluctuations that have liquidated several short positions. According to analyst Josh of Crypto World, currently, the price is approaching a critical area of resistance located between $64,100 and $64,500. This resistance has proven to be strong, causing price rejections in this range.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-price-prediction-what-s-next">Bitcoin Price Prediction: What’s Next?</h2>   
<p><strong>Key Resistance</strong>: The immediate resistance for Bitcoin lies at $64,100 to $64,500. A breakout above $64,500 could pave the way for further upward movement towards $67,000 to $68,000.</p>   
<p><strong>Longer-Term Resistance</strong>: To confirm a bullish trend reversal, Bitcoin must achieve a sustained breakout above the $67,000 to $68,000 range. Until this occurs, the larger time frames continue to exhibit bearish signals.</p>   
<h3 class="wp-block-heading" id="h-short-term-vs-long-term-trends">Short-Term vs. Long-Term Trends</h3>   
<p>Short-Term Trends: While the larger time frames indicate a bearish trend, the short-term outlook has shown some bullish relief. The recent short squeeze has resulted in a slight upward movement, but traders should remain cautious as the market is still grappling with resistance.</p>   
<p>Long-Term Trends: The longer-term charts indicate that Bitcoin is still trending downward. Therefore, traders must differentiate between short-term fluctuations and the overarching bearish sentiment. Without significant upward momentum, the bearish trend remains intact.</p>   [post_titles_links postid="362464"]   
<h3 class="wp-block-heading" id="h-liquidation-heat-map-analysis">Liquidation Heat Map Analysis</h3>   
<p>The Bitcoin liquidation heat map reveals that, despite recent short squeezes, liquidity is slightly favoring upward movements. This means that while there may be opportunities for short-term gains, the resistance levels could affect major price increases.</p>   
<p><strong>Above Current Price</strong>: There remains some liquidity at around $64,500 to $65,000, which could serve as potential fuel for upward movement.</p>   
<p><strong>Below Current Price</strong>: There is also liquidity near $59,800, hinting that downward movements could encounter support at this level.</p>

Bitcoin Price Prediction: Bulls Lack Clear Direction, Another Drop Below $60K Likely Ahead

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